Thai Stock Market Roundup on October 30, 2020

A short summary to inform investors of what had happened in the Thai stock market on October 30, 2020.


SET Index closed at 1,194.95 points, decreased 6.69 points or 0.56% with a trading value of 52.7 billion baht. The Thai stock market closed lower in line with the regional markets and European markets, while Dow Jones Futures dropped more than 500 points before the opening hour due to concerns over the impact of the resurgence of the coronavirus to the economy.

The analyst expected the volatility to remain next week, while advising to keep an eye on the U.S. election. As for the Thai stock market next week, the analyst set a support level at 1,180-1,155 points and a resistance level at 1,200-1,212 points.

– Individual Investors scooped Thai shares at lower prices amid huge selloffs from Local Institutions, Proprietary Trading and Foreign Investors.

– Global reported a record single-day high Covid-19 infection over 500,000.

US economy rebounded at the fastest growth rate of 33.1% as consumer activity resumed.

Apple’s iPhone revenue missed expectations, while share price dropped nearly 5% after trading hours.

SCC acquired 9.22% in AJ and established a JV to enhance downstream products.

RATCH issued ฿8Bn green debentures for future investment and repayment funding.

– Stocks in Focus on October 30, 2020: SINGER (Krungsri Securities TP at ฿17.70/share) and SPALI (KGI Securities TP at ฿21.40/share).

 

Top 10 Most Impact Shares on October 30, 2020

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